The range is extended. The next target awaits.
The EURUSD range has been extended for the day (yippee). The next target comes in at 1. 0714/18. This is the lows from March 31/April 1. The hourly chart is sure looking quite symmetrical. This alone will attract traders who like a nice looking chart (with stops below).
A move below that level will look toward the 1.06869 level. This is the 61.8% of the move up from the March 13 low.
Lookng at the 5 minute chart, the last few minutes are seeing the 1.0714 level taken out (low did reach 1.07125). Key test. Is the low in place? It is up to the buyers from here. The 1.0729/30 level was the earlier lows. The 38.2% of the NY move down comes in at 1.0737. The 50% 1.07445. All those have to be breached to make the symmetrical chart idea, more of a reality.
